London-based fintech bank Monzo more than doubled its revenue last year, results show.
The company, founded in 2015, also narrowed losses marginally to £116.3 million ($143.4 million).
British fintech bank Monzo more than doubled its revenue last year and marginally narrowed losses to £116.3 million ($143.4 million), according to results published on Wednesday.
Monzo, famous for its bright coral pink debit cards, added another 1.6 million customers with the bank now servicing around 7.4 million users.
The company's results come after fellow London-based fintech bank Starling, announced a pre-tax profit of £195 million ($241 million).
Persons:
Anil, Monzo, Starling, Y Combinator, Tom Blomfield, Combinator
Organizations:
Catalyst, Abu Dhabi Growth Fund
Locations:
British, London, Abu Dhabi